The Executive Director may exercise the powers granted to the Authority under this subtitle. However, the Board shall retain final discretion and power with regard to all substantive agreements, contracts, and other arrangements binding on the Authority. The Executive Director shall:be responsible for the day-to-day operations of the Authority and its employees and contractors; prepare the financial plan for review and approval by the Board; implement the approved financial plan and arrange for the collection and disbursement of all charges, fees, and revenues of the Authority; establish procedures and processes necessary to perform the functions called for under the financial plan and the budget; hire and retain the employees, agents, and contractors needed to perform the functions of the Executive Director, subject to the requirements of <cite data-path="|1|§28-3|(b)|(8)">§ 28-3(b)(8) of this subtitle</cite>; be the agent of the Authority; and have such further rights, powers, and authority as granted by the Board. Any limitations on the powers and authority of the Board shall apply as well to the Executive Director in performing the functions charged to the Executive Director by this subtitle or by the Board. City Code, 1976/83, art. 1, §292 Ord. 96-076 Ord. 19-334